Brazil · Delayed Price · Currency is BRL SIMPAR Earnings Call Transcripts
Fiscal Year 2026
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Gross revenue rose over 10% year-over-year to BRL 12.4 billion, with adjusted EBITDA up 16% and net income reversing last year's loss. Deleveraging accelerated, net debt fell 56%, and major asset divestments and capital raises strengthened the balance sheet.
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Revenue and EBITDA grew strongly year-over-year, driven by operational efficiency, asset sales, and reduced CapEx, while leverage reached its lowest in 15 years. Liquidity remains robust, and the group is focused on extracting value from built assets and optimizing capital allocation.
Fiscal Year 2025
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Gross revenue and EBITDA reached record highs in 2025, with significant margin expansion, reduced leverage, and strong cash generation. Strategic divestments and a capital increase with BNDESPAR support future growth, while all business units delivered operational improvements.
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Service revenue grew 8% year-on-year, with EBITDA up 14% and net CapEx down 40%. Leverage improved, and the group divested Ciclus for BRL 1.1 billion, focusing on operational efficiency and value extraction from existing assets.
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Q2 2025 saw 6% revenue growth and record EBITDA, but a net loss due to higher interest costs. Operational efficiency, asset monetization, and pricing discipline are driving margin improvements and deleveraging, with strong growth expected in ports, waste, and logistics.
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Q1 2025 saw strong revenue and EBITDA growth, driven by operational efficiency and value extraction from prior investments, despite a sharp CapEx reduction. Leverage improved, used vehicle sales surged, and all segments showed positive momentum, with a focus on organic growth and cost control.
Fiscal Year 2024
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Record revenue and EBITDA growth in 2024, driven by operational efficiency, strategic reorganizations, and strong segment performance. Management expects higher cash generation, lower CapEx, and continued deleveraging, with all business units positioned for resilient growth despite macroeconomic challenges.
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Gross revenue grew 29% year-over-year to BRL 11.9 billion, with net income at BRL 125 million and EBITDA margin up to 32.1%. Strategic reorganization is underway to create focused rental and dealership companies, while deleveraging and operational efficiency remain top priorities.
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A strategic restructuring will separate rental and dealership operations, combining Vamos Concessionárias with Automob to form a new listed company. The move aims to unlock value, enhance focus, and create Brazil’s largest, most diversified dealer group, with significant growth potential.
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Q2 2024 saw robust revenue and EBITDA growth, driven by diversified operations and operational efficiency. Leverage remains a focus, with management targeting further reductions and value extraction from existing assets. Segment performance was strong across logistics, rentals, dealerships, and infrastructure.